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Fly News Breaks for March 20, 2015
YELP
Mar 20, 2015 | 06:11 EDT
Wunderlich believes the upcoming documentary has not uncovered any new or incriminating evidence regarding Yelp's business practices. The firm notes that it, the courts, the FTC and a Harvard Business School study have been unable to find any evidence of review tampering by Yelp. Wunderlich recommends using yesterday's pullback in shares as a buying opportunity. It keeps a Buy rating on Yelp with a $90 price target. Shares of business review website closed yesterday down $1.64 to $45.18 after a trailer of a critical documentary was posted online.
News For YELP From the Last 2 Days
YELP
Apr 24, 2024 | 08:07 EDT
Jefferies raised the firm's price target on Yelp to $43 from $42 and keeps a Hold rating on the shares. In a preview note for the U.S. Internet group, the firm says it will be looking for signs of sustainability in elevated ARPU growth at Yelp, especially as locations/app MAUs remain in decline.
